Mahle Behr Ostrava

Mahle Behr Ostrava's employees rose 8.51% yoy to 1,250 in 2018

By Helgi Analytics - September 18, 2020

Mahle Behr Ostrava employed 1,250 employees in 2018, up 8.51% compared to the previous year. Historically, between 2008...

Mahle Behr Ostrava's net profit fell 25.0% yoy to CZK 262 mil in 2018

By Helgi Analytics - September 18, 2020

Mahle Behr Ostrava made a net profit of CZK 262 mil in 2018, down 25% compared to the previous year. Total sales reached CZK 6,138 m...

Mahle Behr Ostrava's Net Margin fell 24.3% yoy to 4.28% in 2018

By Helgi Analytics - September 18, 2020

Mahle Behr Ostrava made a net profit of CZK 262 mil with revenues of CZK 6,138 mil in 2018, down by 25.0% and down by 0.817%, ...

Profit Statement 2016 2017 2018
Sales CZK mil 5,453 6,188 6,138
Gross Profit CZK mil 1,855 1,286 2,179
EBITDA CZK mil 452 613 564
EBIT CZK mil 262 366 296
Pre-Tax Profit CZK mil 257 351 266
Net Profit CZK mil 257 350 262
Balance Sheet 2016 2017 2018
Total Assets CZK mil 4,295 4,701 4,724
Non-Current Assets CZK mil 1,920 2,138 2,103
Current Assets CZK mil 1,751 1,799 1,876
Working Capital CZK mil 1,138 1,113 1,345
Shareholders' Equity CZK mil 2,152 2,498 2,850
Liabilities CZK mil 2,143 2,203 1,873
Total Debt CZK mil 902 772 638
Net Debt CZK mil 900 773 638
Ratios 2016 2017 2018
ROE % 12.7 15.0 9.81
ROCE % 9.18 11.1 7.83
Gross Margin % 34.0 20.8 35.5
EBITDA Margin % 8.30 9.90 9.19
EBIT Margin % 4.81 5.91 4.82
Net Margin % 4.72 5.65 4.28
Net Debt/EBITDA 1.99 1.26 1.13
Net Debt/Equity % 41.8 30.9 22.4
Cash Flow 2016 2017 2018
Total Cash From Operations CZK mil 233 578 348
Total Cash From Investing CZK mil -475 -454 -213
Total Cash From Financing CZK mil 214 -126 -134
Net Change In Cash CZK mil -27.5 -2.15 -0.009
Cash Conversion Cycle days 78.3 67.1 91.8
Cash Earnings CZK mil 447 597 531
Free Cash Flow CZK mil -242 124 134

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overview Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                      
Sales CZK mil         2,580 3,413 4,038 4,988 5,453    
Gross Profit CZK mil         502 792 755 1,632 1,855    
EBIT CZK mil         126 324 288 157 262    
Net Profit CZK mil         77.3 347 279 138 257    
                         
ROE %         10.8 27.7 17.8 7.65 12.7    
EBIT Margin %         4.89 9.50 7.12 3.15 4.81    
Net Margin %         3.00 10.2 6.92 2.76 4.72    
Employees         432 534 637 1,151 1,134    
balance sheet                      
Total Assets CZK mil         1,869 2,251 2,905 3,900 4,295    
Non-Current Assets CZK mil         1,070 1,100 1,278 1,553 1,920    
Current Assets CZK mil         619 822 1,105 1,766 1,751    
                         
Shareholders' Equity CZK mil         1,080 1,427 1,707 1,894 2,152    
Liabilities CZK mil         789 824 1,199 2,005 2,143    
Non-Current Liabilities CZK mil         17.3 0 0 0 0    
Current Liabilities CZK mil         645 670 1,049 1,729 1,828    
                         
Net Debt/EBITDA         1.34 0.293 0.845 2.06 1.99    
Net Debt/Equity %         29.5 9.19 21.0 34.7 41.8    
cash flow                      
Total Cash From Operations CZK mil ... ... ... ... ... ... ... ... 233    
Total Cash From Investing CZK mil ... ... ... ... ... ... ... ... -475    
Total Cash From Financing CZK mil ... ... ... ... ... ... ... ... 214    
Net Change In Cash CZK mil ... ... ... ... ... ... ... ... -27.5    
income statement Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
income statement                      
Sales CZK mil         2,580 3,413 4,038 4,988 5,453    
Cost of Goods & Services CZK mil         2,078 2,621 3,283 3,355 3,598    
Gross Profit CZK mil         502 792 755 1,632 1,855    
Staff Cost CZK mil         184 215 288 404 518    
Other Operating Cost (Income) CZK mil         80.6 130 42.1 910 885    
EBITDA CZK mil         237 447 425 319 452    
Depreciation CZK mil         111 123 138 162 190    
EBIT CZK mil         126 324 288 157 262    
Net Financing Cost CZK mil         31.1 -5.87 8.38 19.1 24.9    
Extraordinary Cost CZK mil         0 0 0 0 -20.0    
Pre-Tax Profit CZK mil         95.2 330 279 138 257    
Tax CZK mil         17.9 -17.3 -0.062 0.006 0.029    
Minorities CZK mil         0 0 0 0 0   ...
Net Profit CZK mil         77.3 347 279 138 257    
Net Profit Avail. to Common CZK mil         77.3 347 279 138 257    
growth rates                      
Total Revenue Growth % ...       3.61 32.3 18.3 23.5 9.33    
Staff Cost Growth % ...       -2.86 16.7 33.8 40.1 28.4    
EBITDA Growth % ...       -16.5 88.6 -4.93 -25.0 41.9    
EBIT Growth % ...       -34.7 157 -11.3 -45.5 67.2    
Pre-Tax Profit Growth % ...       -21.1 247 -15.4 -50.7 86.8    
Net Profit Growth % ...       -9.22 349 -19.6 -50.7 86.8    
ratios                      
ROE %         10.8 27.7 17.8 7.65 12.7    
ROA %         3.96 16.9 10.8 4.05 6.28    
ROCE % ...       4.97 23.0 16.0 6.14 9.18    
Gross Margin %         19.5 23.2 18.7 32.7 34.0    
EBITDA Margin %         9.19 13.1 10.5 6.39 8.30    
EBIT Margin %         4.89 9.50 7.12 3.15 4.81    
Net Margin %         3.00 10.2 6.92 2.76 4.72    
Net Debt/EBITDA         1.34 0.293 0.845 2.06 1.99    
balance sheet Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
balance sheet                      
Cash & Cash Equivalents CZK mil         0.132 0.254 0.251 29.8 2.30    
Receivables CZK mil         379 438 631 989 1,078    
Inventories CZK mil         239 377 474 747 671    
Other ST Assets CZK mil         < -0.001 6.80 < -0.001 < 0.001 0.001    
Current Assets CZK mil         619 822 1,105 1,766 1,751    
Property, Plant & Equipment CZK mil         1,070 1,099 1,277 1,553 1,920    
LT Investments & Receivables CZK mil         0 < 0.001 < -0.001 < 0.001 < 0.001    
Intangible Assets CZK mil         0 0.234 0.389 0.721 0.468    
Goodwill CZK mil         0 0 0 0 0    
Non-Current Assets CZK mil         1,070 1,100 1,278 1,553 1,920    
Total Assets CZK mil         1,869 2,251 2,905 3,900 4,295    
                         
Trade Payables CZK mil         228 361 444 739 610    
Short-Term Debt CZK mil         318 131 359 688 902    
Other ST Liabilities CZK mil         99.3 177 245 303 315    
Current Liabilities CZK mil         645 670 1,049 1,729 1,828    
Long-Term Debt CZK mil         0 0 0 0 0    
Other LT Liabilities CZK mil         17.3 0 0 0 0    
Non-Current Liabilities CZK mil         17.3 0 0 0 0    
Liabilities CZK mil         789 824 1,199 2,005 2,143    
Equity Before Minority Interest CZK mil         1,080 1,427 1,707 1,894 2,152    
Minority Interest CZK mil         0 0 0 0 0    
Equity CZK mil         1,080 1,427 1,707 1,894 2,152    
growth rates                      
Total Asset Growth % ...       -8.02 20.4 29.1 34.2 10.1    
Shareholders' Equity Growth % ...       211 32.2 19.6 11.0 13.6    
Net Debt Growth % ...       -149,404 -58.8 174 83.2 36.8    
Total Debt Growth % ...       ... -58.7 173 91.3 31.2    
ratios                      
Total Debt CZK mil         318 131 359 688 902    
Net Debt CZK mil         318 131 359 658 900    
Working Capital CZK mil         391 453 661 998 1,138    
Capital Employed CZK mil         1,461 1,553 1,939 2,551 3,058    
Net Debt/Equity %         29.5 9.19 21.0 34.7 41.8    
Current Ratio         0.959 1.23 1.05 1.02 0.958    
Quick Ratio         0.588 0.653 0.602 0.589 0.591    
cash flow Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
cash flow                      
Net Profit CZK mil         77.3 347 279 138 257    
Depreciation CZK mil         111 123 138 162 190    
Non-Cash Items CZK mil ... ... ... ... ... ... ... ... -74.0    
Change in Working Capital CZK mil ... ... ... ... ... ... ... ... -140    
Total Cash From Operations CZK mil ... ... ... ... ... ... ... ... 233    
                         
Capital Expenditures CZK mil ... ... ... ... ... ... ... ... -478    
Other Investing Activities CZK mil ... ... ... ... ... ... ... ... 3.42    
Total Cash From Investing CZK mil ... ... ... ... ... ... ... ... -475    
Issuance Of Debt CZK mil ... ... ... ... ... ... ... ... 214    
Total Cash From Financing CZK mil ... ... ... ... ... ... ... ... 214    
Net Change In Cash CZK mil ... ... ... ... ... ... ... ... -27.5    
ratios                      
Days Sales Outstanding days         53.6 46.8 57.1 72.4 72.1    
Days Sales Of Inventory days         42.0 52.5 52.7 81.3 68.1    
Days Payable Outstanding days         40.0 50.3 49.3 80.3 61.9    
Cash Conversion Cycle days         55.7 49.0 60.4 73.3 78.3    
Cash Earnings CZK mil         188 470 417 300 447    
Free Cash Flow CZK mil ... ... ... ... ... ... ... ... -242    
Capital Expenditures (As % of Sales) % ... ... ... ... ... ... ... ... 8.77    
other ratios Unit 2008 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018
                       
Employees         432 534 637 1,151 1,134    
Cost Per Employee USD per month         1,818 1,717 1,763 1,225 1,509    
Cost Per Employee (Local Currency) CZK per month         35,566 33,589 37,687 29,229 38,085    
Staff Cost (As % of Sales) %         7.15 6.31 7.13 8.09 9.50    
Effective Tax Rate %         18.8 -5.23 -0.022 0.004 0.011    
Total Revenue Growth (5-year average) % ... ... ... ... ... 48.0 31.9 23.7 17.0    
Total Revenue Growth (10-year average) % ... ... ... ... ... ... ... ... ... ...  

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Mahle Behr Ostrava's Cash & Cash Equivalents fell 5.81% yoy to CZK 0.146 mil in 2018

By Helgi Analytics - September 18, 2020

Mahle Behr Ostrava's total assets reached CZK 4,724 mil at the end of 2018, up 0.481% compared to the previous year. Current assets amounted to CZK 1,876 mil, or 39.7% of total assets while cash stood at CZK 0.146 mil at the end of 2018. By contrast...

Mahle Behr Ostrava's ROCE fell 29.3% yoy to 7.83% in 2018

By Helgi Analytics - September 18, 2020

Mahle Behr Ostrava made a net profit of CZK 262 mil in 2018, down 25% compared to the previous year. Historically, between 2008 and 2018, the company's net profit reached a high of CZK 350 mil in 2017 and a low of CZK -188 mil in 2008. The result implies ...

Mahle Behr Ostrava's Net Debt/EBITDA fell 10.4% yoy to 1.13 in 2018

By Helgi Analytics - September 18, 2020

Mahle Behr Ostrava's net debt stood at CZK 638 mil and accounted for 22.4% of equity at the end of 2018. The ratio is down 8.55 pp compared to the previous year. Historically, the firm’s net debt to equity reached a high of 8,679% in 2008 and a l...

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MAHLE Behr Ostrava is one of the five companies of MAHLE Group operating in the Czech Republic. It became a part of MAHLE group in 2013. The plant is oriented on production of condensers, radiators, charge air coolers, indirect charge air coolers, heater cores, cooling modules and plastic components such as shrouds, frames and fan blades, air intake manifolds, tanks and brackets.

Mahle Behr Ostrava Logo

Finance

Mahle Behr Ostrava has been growing its sales by 12.5% a year on average in the last 5 years. EBITDA has grown on average by 4.75% a year during that time to total of CZK 564 mil in 2018, or 9.19% of sales. That’s compared to 8.86% average margin seen in last five years.

The company netted CZK 262 mil in 2018 implying ROE of 9.81% and ROCE of 7.83%. Again, the average figures were 12.6% and 10.0%, respectively when looking at the previous 5 years.

Mahle Behr Ostrava’s net debt amounted to CZK 638 mil at the end of 2018, or 22.4% of equity. When compared to EBITDA, net debt was 1.13x, down when compared to average of 1.46x seen in the last 5 years.